Benchmark analyst Mark Palmer raised the firm’s price target on Hut 8 (HUT) to $85 from $78 and keeps a Buy rating on the shares. The announcement of a comprehensive AI/HPC infrastructure transaction at the River Bend campus “represented a defining moment in the company’s strategic evolution from a crypto-native power owner to a scaled, institutional-grade digital infrastructure platform,” the analyst tells investors. The firm sees “superior deal economics” relative to peer deals, the analyst added.
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